Rishon Finance is a direct lender that offers a finance solution to those who may not be able to access finance from their bank. We offer loans between £1000 to £5000 for up to 3 years. As a responsible lender we ensure that our loan is affordable and always aim to offer the best rate we can.

Any applications we receive will always be treated in isolation. To obtain a Rishon Finance loan you need to be over 18 years old and be a UK resident. and also be deemed able to meet the repayments of loan.

Rishon Finance provide loans for a number of things such as Home Improvements, Holidays, Car Purchase or a Wedding, unexpected one off purchases or emergency funding.

If you wish to apply for a loan please fill out the online application form. Our loan calculator can be used to help you decide how much you want to borrow and for how long. The calculator will give you an indication as to what your monthly repayments could be.

Once you send through your application we will do a few light checks to provide you with an offer. If you wish to proceed we will conduct further checks and if all things remain same you will be provided the loan at the rate we offered.

Its important to note that the further checks we conduct could result in a different rate based on the information we analyse.

Conducting further checks will include a hard search which will show on your credit file.

Yes. When you apply initially, we offer you the best rate we can based on initial checks that don’t affect your credit file. This gives you more control regarding whether you wish to proceed.

Yes. In order to conduct our due diligence and be a responsible lender we will request your credit report from one of the main credit reference agencies. This could be Transunion, Equifax or Experian. it is important that we have the right information to be able to ensure we can offer a loan that is affordable and that you can afford the repayments.

When we perform an initial credit check this will be a soft search and will not affect your credit score. Once we have issued you a loan offer and we complete our final checks this is when we would perform hard credit search which would appear on your credit file and could have an impact on your credit score.Taking out a loan with us can also increase your credit score if you keep up to date with loan repayments.

Having a CCJ or Bad Credit will not be something that can stop you from applying. We look at all applications on an individual basis to ensure we make sensible lending decision for both our customers and Rishon Finance.

You will need a valid email address and current mobile phone number. In addition you will need you bank details, employment & income information.

You will need the email address as this is where we will be sending our documentation and will also serve as your username to access your customer login area within our website.

Borrowers must set up a direct debit as this is what is used to collect the loan repayments. The direct debit should be set up using the bank account where your monthly salary is deposited. We will send out a unique link for you to be able to set this up. We then do the rest.

Simple answer is no. We only charge the interest stated at the outset. We don’t add any extra fees for entering the loan or exiting.

Once a loan has been approved and everything has been set up and we have confirmation that the direct debit has been set up we will release funds that same day. If it is before 3pm the funds should be in your account that same day. If it is after 3pm the funds will be with you the following working day.

If you have applied and finished your part of the application, we will complete the final checks before the loan is paid out.

During our final checks, our underwriting team may request some documentation from you in order to verify your identity. These documents are known as Acceptable Forms of Identification.

You may be asked to provide some proofs of identity, home address, income and bank account. This protects you from criminals who might try to use your identity without you knowing.

If you are asked to provide these documentation, please make sure that:

• The name and address detailed on your identification is the same as the name and address you provide us during your application
• Your proof of address is dated within the last three months
• Your proof of bank account shows name, sort code and account number

You will then be sent a link to set up a direct debit so that we can collect your loan repayments. This should be the same account as where you salary gets paid.

For personal loan applications approved before 3pm, we aim to payout the same day.

Being provided with traditional statements allows us to see evidence of your salary being paid in and to ensure we can see any key outgoings. This helps us with our lending decisions and ensures we can act in a responsible lender.

I have been asked to submit proof of identity – what is acceptable and what isn’t?

• We accept selfies including your ID clearly visible with all the relevant detail
• We accept scanned documents that show the original document in a clear and visible state.
• We don’t accept screenshots or documents that have other screens.

Yes applicants must have a debit card and bank account registered in their own name.

We may at any time conduct checks against various industry databases to verify your details in order to comply with money laundering regulations to protect against identity theft and fraud.

Our address verification system electronically matches your card number to the address on file with your card company. If your address does not match the address on file with your card company, then your card cannot be validated.

As an additional layer of security, Rishon Finance also validates that your bank account is registered in your name and at your current home address. Therefore if you have recently moved it might be a good idea to contact your bank with your new address.

Some months you might find it easier to budget your monthly expenses by paying your upcoming loan repayment early. Doing so has no impact on your credit file and gives you the peace of mind that your payment is made.

If your early payment covers the full contractual repayment due, we won’t collect any money with the direct debit as long as you have given us at least 4 days.

You can update your details by either calling our customer service team or reaching us via your personal log in area where there will be an option to update your details. Please allow for 24hrs for changes to show.

You can update your payment date details by either calling our customer service team or reaching us via your personal log in area where there will be an option to update the payment date. Please allow for 24hrs for changes to show.

You can check your payments schedule and how many payment you have left by either calling our customer service team or reaching us via your personal log in area where there will be an option to check your payment schedule which will show what payments have been made and how many are left.

You can make an additional payment without any extra charge. Additional payments can be made on our website by logging into your personal account. Alternatively, you can call our customer service team.

You can get this info by either calling us or emailing us.

If you change your mind within 14 days after the loan has been paid out, you can return the loan to us by simply calling us. There won’t be a fee if you return it within 30 days just the interest for each day.

If you have applied and finished your part of the application, we will complete the final checks before the loan is paid out.

During our final checks, our underwriting team may request some documentation from you in order to verify your identity.

You may be asked to provide some proofs of identity, home address, income and bank account. This protects you from criminals who might try to use your identity without you knowing.

If you are asked to provide these documentation, please make sure that:

• The name and address detailed on your identification is the same as the name and address you provide us during your application
• Your proof of address is dated within the last three months
• Your proof of bank account shows name, sort code and account number

For personal loan applications approved before 3pm, we aim to payout the same day.

During the application process, our underwriting team may request the following documentation:

Proof of Bank Account

• Bank statement

Proof of Income/Employment

• 3 payslips
• 3 months' Bank statement
• Benefits/Tax Credit letter

Proof of Self Employed Income

• 3 months' personal bank statement and 3 months’ business bank statement
• 3 months' personal bank statements and last year’s tax return

Proof of Identity

• Passport (and Residency Permit if applicable)
• EU National ID card
• Driving license (photo ID only)

Proof of Address

• Bank statement
• Utility bill
• Council Tax letter
• Store card bill
• Benefits/Tax credit letter
• Pension letter